Company News: Page (1) of 1 - 09/10/12

email article

print page

More Related Stories

WillowTree Apps Named to 2012 Inc. 500 List of Fastest-Growing Private Companies in America--Showing Strength of Mobile App Development Industry

Charlottesville, VA, Sept. 10, 2012 (GLOBE NEWSWIRE) -- Inc. magazine named WillowTree Apps to its 31st annual
Inc. 500 list today, an exclusive ranking of the nation's
fastest-growing private companies. WillowTree is ranked #479 with
three-year growth of over 800%.  Since 1971, the Inc. 500 has
tracked America's fastest growing private companies and leading
entrepreneurs.

Mobile App development is one of the bright spots in the economy
today. According to TechNet companies in the mobile space have
created nearly 500,000 new jobs since the iPhone was introduced in
2007 and Forrester says, combined revenues from mobile
applications, services and business management will reach $54.6
billion a year by 2015.

"This year's Inc. 500 list validates what we are seeing every
day--large companies and brands are turning to the leading mobile
development firms in droves because there is huge interest in
creating great customer experiences on the mobile devices that
consumers are flocking to and engaging with all day long," said
Tobias Dengel, CEO of WillowTree Apps.  "We expect the growth
in mobile apps to continue even faster in the next few years and
expect more and more top app developers to appear on the list each
year."

The 2012 Inc. 500, unveiled today in the September issue of
Inc., is the most competitive crop in the list's history requiring
companies to achieve a staggering minimum of 770% in sales growth
to make the cut. The Inc. 500's aggregate revenue is $15.7 billion
with a median three-year growth of 1,431 percent. The companies on
this year's Inc. 500 employ more than 48,000 people and generated
over 40,000 jobs in the past three years. Complete results of the
Inc. 500|5000, including company profiles and an interactive
database that can be sorted by industry, region, and other
criteria, can be found at www.inc.com/500.

"Now, more than ever, we depend on Inc. 500/5000 companies to
spur innovation, provide jobs, and drive the economy forward. 
Growth companies, not large corporations, are where the action is,"
says Inc. magazine Editor Eric Schurenberg.

Methodology

The 2012 Inc. 500|5000 is ranked according to percentage revenue
growth when comparing 2008 to 2011. To qualify, companies must have
been founded and generating revenue by March 31, 2008. They had to
be U.S.-based, privately held, for profit, and independent--not
subsidiaries or divisions of other companies--as of December 31,
2011. (Since then, a number of companies on the list have gone
public or been acquired.) The minimum revenue required for 2008 is
$100,000; the minimum for 2011 is $2 million. As always, Inc.
reserves the right to decline applicants for subjective reasons.
Companies on the Inc. 500 are featured in Inc.'s September issue.
They represent the top tier of the Inc. 5000, which can be found at
http://www.inc.com/500.

About Inc.

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc.
is the only major brand dedicated exclusively to owners and
managers of growing private companies, with the aim to deliver real
solutions for today's innovative company builders.  Total
monthly audience reach for the brand has grown significantly from
2,000,000 in 2010 to over 6,000,000 today.  For more
information, visit www.inc.com.

About WillowTree Apps, Inc.

WillowTree Apps is one of the largest and most respected mobile
development companies in the US. The entire team of more than 30
people is located in its Charlottesville, VA headquarters. Nothing
is outsourced overseas.  The company's designers and
developers are experts across the nuances of iPhone, iPad, Android,
Windows Phone 7, Blackberry and mobile web/HTML5 design best
practices. The company has been ranked The Top Worldwide Mobile App
Developer by SourcingLine, The #3 iPhone App Development Company by
BestWebDesignAgencies.com, and a two-time Webby Award
Honoree.  Notable clients and apps include Johnson &
Johnson, the University of Virginia, Manta, Crutchfield
Electronics, Valpak and Vox Media/SB Nation.  More information
at willowtreeapps.com.

CONTACT: Joshua Weinberg
(415) 777-3339
joshua@DLifegroup.com

Page: 1